As of now, LayerZero’s native token (ZRO) is trading at around $4.90, up 16.55% from last month. The price increase is tied to a recent decision by the project to redistribute unclaimed airdrop tokens to active users.
On the daily chart, ZRO has formed an ascending triangle, indicating bullish momentum. A breakout from this pattern, along with positive readings on the Awesome Oscillator (AO), suggests a strong uptrend. If this continues, ZRO could surpass its previous all-time high of $5.60 in October, potentially reaching $6.55. However, if bullish efforts fall short, a correction to $4.39 is possible.
Sui is another altcoin that could reach a new all-time high in October 2024. Currently priced at $1.74, it's about 20% below its previous peak.
The daily chart shows resistance around $1.77, which rejected a retest of the $2 level. The pullback brought SUI to a support level of $1.60, which could lead to a rebound. Additionally, SUI is well above the Ichimoku Cloud, suggesting strong support. If the trend holds, SUI could rise by 40% in October, reaching $2.25. If not, a drop to $1.50 is possible.
Binance Coin (BNB) is another altcoin that could hit a new ATH in October. With the recent release of Binance’s former CEO, traders are optimistic about the return of a bull market.
Currently trading at $575.08, BNB is experiencing a slight dip. However, if positive news continues to drive growth, the coin could surpass $700 and reach a new high of around $725 by the end of October. Traders should remain cautious, as insufficient buying pressure could lead to a correction down to $564.
MANTRA ($OM)
The native token of the RWA project MANTRA (OM) is currently priced at $1.23, 13% below its historical peak of $1.42.
Technically, OM is aiming for $1.50, supported by indicators and the upcoming launch of the MANTRA mainnet. On September 12, the 20-day EMA crossed above the 50-day EMA, forming a “golden cross,” signaling a bullish trend. If the trend continues, OM could break resistance at $1.29 and move toward $1.50. However, if the EMAs reverse, the price could drop to $1.05.